Wave 1 - Performance of some selected stocks

So far Dow has completed its wave 1 in the current bear market rebound. Wave 1 was started 0n March 10 and ended 0n June 4. During this wave 1 run-up those American stocks that were badly beaten down were the star performers as shown below.

Las Vegas Sands was the best performer but at 11.34 its stock price is only 8% of its peak value of 145.00.

For stocks in Bursa Malaysia, the performance of blue chip stock is not as impressive as the penny stocks. Generally blue chip stocks produced only one double (100%) or less as shown below.

Some penny stocks on the other hand gave very high returns.

During the current wave 2 pullback it will be interesting to see how much these penny stocks will drop. It is likely that they will drop much more than the blue chip stocks.